May 2008 Net Worth - $87,264.27
After having our largest net worth increase ever last month, we followed it up this month with our 2nd largest ever net worth increase, beating the previous record by just a few dollars. Two strong months in a row like that let me know we are doing something right.
We hit a couple of minor milestones this month as my 401k crossed $20k and my Roth IRA crossed $30k. Our entire net worth 1 year ago was only a little over $50k, so it’s kind of cool to have that in just two accounts today.
The large gain in the my Roth IRA was due to a $3,000 deposit. I had wanted to buy a new fund that required a minimum deposit of $3,000, which I was able to make this month.
I am feeling a lot better about the odds of achieving the goals we set at the beginning of the year. There’s still a long way to go, but we’re looking a lot better than we were after the first couple of months of the year.
Written by Clint · June 5, 2008 · Filed Under Net Worth
Related Posts
January 2008 Net Worth Snapshot
A brutal start to 2008. We eked out a positive gain of $224.24 only because the market had a couple of positive days at the end of the month. In order to reach our 2008
March 2008 Net Worth Snapshot
Things got a little better for us in March and we posted a gain of $2,571.12. You'll see that we took some money out of Emigrant Direct, but we used it to make
Net Worth Growth Chart: 2005 Through 2007 Sometimes it's nice to have a visual representation of your progress. With that said, here's what our last three years look like:
(Click to view full size)
June 2008 Net Worth - $84,881.80 I ran these numbers at the beginning of the month, but I haven't gotten around to publishing them until now. Maybe because the numbers were kind of depressing. June was pretty brutal to
February 2008 Net Worth Snapshot
Despite a significant market drop on the last day of the month, we still managed a small amount of positive growth for the month of February. We pay our mortgage bi-weekly, and this was a
July 2008 Net Worth - $85,339.30
We managed to just eek out a positive month in July. It's a little frustrating to watch my portfolio continually get beat down, but I'm staying the course and anticipating the eventual bounce back.
The
Clint -
Just wanted to let you know that I have been checking your net worth on a monthly basis, as you and I have been in the same ballpark range in terms of net worth since I found your blog…. Just to give you an idea of the comparison…. In May of 2006 I was @ $29,360……… and you were at $32,343………. 2 years later… there is still only a $1,626.30 difference between the two of us. Interestingly, there are months that I will creep way ahead… then you come back… and vice versa..
It actually like a little competition for me.
Cheers -
Ed,
That’s awesome. That’s exactly why I started posting my net worth, because I enjoyed comparing it with other people’s. It’s pretty wild that we’ve managed to stay so close. You’ll have to keep me informed on how things play out…..and don’t let me fall too far behind.
Clint -
I will keep you posted. For your sake and mine, hopefully we will keep creeping up higher and higher together.